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Tax Breaks Set to Disappear

Several breaks are not going to be available after the end of the year.
WASHINGTON, D.C. – Some significant tax breaks are due to expire at the end of 2013.

Some of the tax breaks due to expire include:
  • Remodeling your home for energy efficiency
  • Electric vehicles
  • State and local sales tax
  • IRA distributions to charity
  • Mortgage insurance premiums
  • Transit benefits
  • Teachers’ classroom expense deduction
Many of these tax breaks have been extended before, and it is possible Congress could extend them again over the next few months.
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